eaton cut its full year guide for second quarter in a re. why weakens. stock rallied. sometimes by 3%. high yield at 4%. in was some positives not only is eaton expanding construction in capitol they are ready to deploy to buy back stock and maybe do acquisitions, with trading nearly 12 times next year's earnings estimates that's enough for a nice rally. let's hear from mr. cutler to find more about the product welcome back to "mad money." >> thanks jim, good to be with you. >> i seen positives. the cash flow is holding up pretty well, actually better than expected and obviously you have a nice cash balance you can do a lot of things with. how would you think you could make it so stronger market costs have more money in them and maybe some of the weaker markets cut back. >> sure jim you're right we had $973 million and next year up 10% to 15% from this year. doing very well in terms of what we told investors of having stronger cash flow company. we were very clear with investors at end of the second quarter that we expect to split future cash flow by half fenway n & a

he is lou piandiosi, portfolio manager at eaton vance, where he manages about $13 billion.lcome. nice to have you here. >> thanks for having me. >> so tell me how you come to the consensus that you want larger stocks that affect the global economy. >> yeah. we look at the environment that we're np therein. there's so many cross-currents when it comes to global economies, what's going on in emerging markets, europe, pretty stagnant growth and the u.s. seems to be in an environment where we're kind of a two steps up, one step back environment. there's lots of uncertainty with the fed. in that kind of environment what we want to seek out is companies that are benefiting from beg picture long-term secular trends. we call them mega trends. and they populate a big part of our focused growth portfolio. >> and the stocks, we'll get to them in just a moment, but it feels to me that what you're calling for here in these stock picks are stocks that aren't trading plays but forever stocks. stocks that would be sort of cornerstones in your portfolio. >> that's right. we view these compa

chain bridge road, two northbound lanes shut down between eaton place and 66.l have more of that. five miles worth of delays there. 270 southbound. crashes still there. looks like those delays are better here. 15 at kingsley hill lane. also have a crash there with a little bit of a closure. 95 with 23 miles an hour as you head through woodbridge. eun? >> 6:24. announcement about social security and whether your benefits are going up. they increase them based on cost of living increases and consumer price index, however, low gas prices and low inflation could leave them unchanged this time. the announcement comes out this morning. manufacturing delays could keep your child from getting flu shot. howard county and anne arundel county schools have changed their clinic plans. parents should consider getting flu shot instead right now instead of waiting for the flu mist to arrive. >>> the simple act of downloading the app could save somebody's life. more than 300,000 people go into cardiac arrest every year but when we see it, many of us freeze. the american heart a

we are living in a trailer in eaton town and we are doing it one day at a time. the good thing is we are funded. >> reporter: there is disparity. some getting what they need. she reassured homeowners they are fighting for their rights as well. >> they can call the department of insurance and meet with mediators, federal counterparts are working hard to extend the time that we can challenge some of the insurance payments. >> reporter: a similar review with governor christie. >> we will continue to meet the challenges head on, everybody. nobody will be forgotten. three years is a long time, a real long time. >> reporter: back in union beach, acknowledgement of united way on the scene from day one. 77,000 hours of labor inbound vested in sandy recovery. they are at peggy rose's demolition. >> we are saving that home 20, $25,000 so a contractor will come in and get the house done. >> reporter: wendy's renovation. >> without the volunteers, we wouldn't be able to be back in our home any time soon. >> reporter: we have to remember governor christie did say in 2012 that

. >> reporter: sergeant frost is already back on the job, patrolling the roads here in eaton county. in a statement, the sheriff says they have reviewed and are evaluating how officers communicate with citizens. david? >> alex, thank you. >>> and from cleveland now, the mother of another young man killed by a police officer ing out today. tamir rice, shot. today, his mother calling for the prosecutor to step down, saying it's been almost a year now, no justice, no peace. >>> next to the race for 2016. trump, and what he said about 9/11, the world trade center, and former president george w. bush. drawing a quick response from jeb bush. tom llamas on the campaign trail. >> reporter: tonight, trump making a bold accusation against george w. bush, implying he's responsible for 9/11. >> the world trade center came down during his time. >> you can't blame george bush for that. >> he was president. the world trade center came down during his reign. >> reporter: the comments came on bloomberg tv. >> help us understand who donald trump is as a man. i need to know that you will make us feel s

the food is food they've never eaton before. it's healthy for them as well. >> how did you get involved? >> my director at the richmond senior center asked me if i'd be interested in volunteering because i teach art at the senior center and i'm able to speak chinese as well. it was a natural progression to just move into something to take care of seniors as well. >> do the clients -- are they reluctant to accept the help or to seek this kind of help? how difficult is it for them to become part of the program? >> in the beginning, when i first started delivering, it was a little bit hesitant. but once i get used to them and they're used to me, they welcome me with open arms. at a point where we're friends. then they expect me to be there and it's really friendly now. >> you could use a lot more walden wongs around, huh? >> we could use a lot more walden wongs around, that's for sure. >> he was talking a little bit about the language barrier and not only just in terms of the communication, but just the comfort level that it create

in michigan, the family of a 17-year-old teenager who was shot and killed by an eaton county sheriff's sergeant after a february traffic stop has filed a federal lawsuit against -- over his death. sergeant jonathan frost stopped deven guilford after the teenager flashed his bright lights at the sergeant because he thought the sergeant's brights were on. when deven did not give sergeant frost his driver's license which , he had left with his girlfriend, frost pulled the teenager out of the car, ordered him to lie on his stomach, and fired his stun gun into the teenager as he handcuffed him. according to the eaton county prosecutor, some form of altercation then ensued, in which sergeant frost shot guilford seven times in a snow-filled ditch. guilford was unarmed. his family filed a wrongful death suit against sergeant frost and the county four months wednesday, after sergeant frost was cleared of any criminal wrongdoing. frost remains on active duty. both frost and devon were quite. in a recent episode of showtime's hit series airbag --" featured arabic graffiti "homeland" is racist and

next month van eaton galleries in los angeles will actually auction off 800 vintage memorabilia items from disney theme parks they include some rides and these restored train cars from the people mover will be on sale. organizers expect them to sell for $200,000. this space mountain ride car is stilted to fetch $50,000. bidding for this bench a 1955 original from disney lab's main street will start at $5,000. >> there is a lot going on in the weather department but we're going begin with something local a beautiful view as we look from dublin to a live view of the nearly full moon as it losts slowly into the skies. clear skies over the area but we're going to start with what is left of patricia and revisit it in a minute. but patricia creating showers and thundershowers around the gulf a lot of rain stretching into the southeast right now. and we have a hurricane that will affect our own weather. olave that right now is due east of the hawaiian islands women move north and east over the next few days and inject enough moisture into the atmosphere to have an affect on our weather by mi

. >> we have nothing to eaton night and i wanted to ask if anybody could help us for tonight and tomorrow night. >> reporter: cancer patient dylan kenny's plea immediately goes viral. what prompted you to do that. >> i mean, i know that i'm a 13-year-old doesn't mean i can't help out my family. >> reporter: dylan's parents say for a third time he's battling a type of tumor in the bones and tissue. his mother says they rely on federal assistance while in between jobs to support their family of seven. all while making a drive from mays landing to nemours a.i. dupont hospital in wilmington fordylan's treatment. >> to go and beg people online can you help me because i don't have food today, i don't have a way to go get my son to the hospital. >> reporter: it didn't take long foradil ran's plea to catch the ears of those who wanted to help including one man who founded a nonprofit to help those battling cancer. >> when i saw the video i was shocked. >> reporter: after learning dylan's circumstances were real he went to the store to help not knowing he would receive help of his own. >> we were

applied to current michigan criminal laws, i have determined that charges will not be issued against eatonthe shooting death of devin lee gilford for the reason that the evidence supports sergeant frost used his firearm within the limits of michigan's self-defense law. joining me, msnbc chief legal correspondent ari melber. what else can you tell us about this investigation? >> i can tell you we have spoken to a lawyer for the family members here as well as to one of the family members. they say that this has been obviously a hard time. they are pursuing this suit because they want justice done. separate from the criminal inquiry that you mention, there is a different standard in these federal civil rights actions. so their claim is that this was wrongful death and excessive force. that video that you were showing earlier is, according to our confirmations, the body camera video, it tells part of the story and it shows an interaction that escalates very quickly. this is something that both officers talk about, that sometimes they feel under tremendous threat in a one-on-one situation when

. >> reporter: turns out his car was shot monday night on eaton street. up the road another car window was shot out. >> the persons who reported it don't have a common theme involved, they don't have anything relate to the one another. but we're looking carefully at everything. >> reporter: out of all the window hit, tritia riley is considered lucky. fitchburg police say the same shooter hit her bedroom and living room windows. in it also happened monday night at her clearview avenue home. >> i thought it was all different anyway with my house and windows. >> reporter: tritia was away on have a caution when she got the call from her pet sitter. >> she had come over to take care of the pets and said your windows have been shot out and the air is coming in and you're unsafe. >> i heard and i looked out my window because i thought somebody was tapping on my window and i looked over and saw a light coming down the street and i heard a car kind of in idle. and probably about 5 seconds later, the car just set off. >> why me? why am i the only house on the stree

law that goes into effect in 2016. 94-year old rosanell eaton is one of them. her daughter drove her 250 miles back and forth from the department of motor vehicles and social security offices to get a photo i.d., because the name on her driver's license-her married name did not match her maiden name on her voter registration from over 70 years ago. so when people say, it really isn't that hard under this new law to get what you need. >> it's not easy at all. it was just unnecessary. >> reporter: the experience reminded her of the hurdle she faced the first time she tried to register to vote in segregated north carolina almost three quarters of a century ago. three white men told her... >> ...to stand right straight and towards the wall and look repeat the preamble of the united states of america. so, i did as they commanded. >> reporter: you recited the preamble to the u.s. constitution? >> yes. >> reporter: the 1965 voting rights act changed things dramatically. by 2012, about 75% of southern blacks were registered. and for 50 years, that voting rights act emp

eddie perkins, the cio at eaton vance which has $3 billion under management.nice to see you again. >> it's good to see you, scott. >> history is on the side of investors. is it going to play out that way this time? >> i think it is. >> since then the ten-year -- the yield on the ten-year has moved lower. we've had the selloff, of course, in the market, and utilities have been the best performing sector. reets have held up relatively well. i think it's time to move away from that defensive posture, take advantage of some of the cardinalage in the market and begin to put risk back in the portfoli portfolios. >> what kind of move could we have even reflective of the kind of risk that is still in front of us? >> the fourth quarter, the year end is often a time when the market rallies. you know, october -- november, rather, through april tends to be the seasonally strongest time of the market. you get almost all of your return in the market historically from that period. we could have a strong rally in the fourth quarter. we'll have earnings reports coming up soon.

it happened on eaton road southeast. >>> in prince georges county police are looking for who shot two men near a school. one of the men died. it happened in bladensburg yesterday afternoon. it spread out several blocks and came close to the high school around the time students were dismissed. both victims were adults. >>> 12 d.c. families forced out of their apartments have a place to stay for now. inside the building the conditions are unfit for anybody to live. the city has moved those families to temporary housing inside a hotel. >> sometimes we can't even take baths for like two to three weeks, stuff like that. >> there were over 287 code violations dcra has issued to this landlord starting in about april. >> one of the women forced to move had to postpone her husband's funeral so she could get out. the building's owner, you saw him there, he locked himself in a utility closet as we asked him questions. after the family's stay is up in that hotel about two weeks they have to find their own housing. >>> one baltimore city police officer is not on the job this morning. we are learni

i've eaton really well and i've learned something. okinawa is nothing like the japan i know at all.ing is different here. >> happiness is number one. >> it is laid back, mellow, the food is completely different. pee people are expressive and open and tell you what they think. what is the literal translation of that? >> once we meet, we are family. >> oh, thank you. it is all very, very, very confusing. also, there is pork. >> delicious, delicious pork. >> and lots of it. >>> for the first time, we are seeing surveillance video of the young african-american man in police custody moments before he was found dead strapped to a restraint chair. this new video shows 21-year-old matthew ajabadi's violent battle with police, at one point grabbing a taser before being punched and kicked in the head. nick valencia spoke with his cousin and the family attorney. what are they telling him? >> the family has been waiting for this video for nine months. they were hoping to get this. it is this video that authorities will use to decide the fate of a 21-year-old college student that died in police

profession but say our belief has been shaken to the core by the actions of frost and refusal of the eatontor to hold frost accountable. what they are referring to there is the fact that the michigan state police conducted an independent inquiry of all this, handed their findings over to the prosecutor who found that the officer acted reasonably and lawfully and thus, did not bring charges. why? well, essentially more than what we can see that video. according to that investigation, as well as according to what police have said about this, they say the 17-year-old there, deven guilford, after that interaction that is caught on camera, they say that he then injured and attacked the officer. there is photographic evidence of that. so this is a difficult case on both sides. the federal suit will commence and we will have further information from discovery in the coming weeks. >> ari melber, chief legal correspondent, thank you very much. >>> up next, insult to injury. doctors without borders says a u.s. tank pushed into what is left of their hospital in kunduz. the u.s. is disputing it. we wi

but this week, his parents filed a federal civil lawsuit against frost and eaton county, alleging devin'sre violated. >> it would have been more appropriate for the facts to be brought in front of a jury to ultimately decide. >> reporter: friday, the sheriff's office responded saying they stood by the prosecutor's findings that sergeant frost responded reasonably under the belief that he faced the threat of great bodily harm or death. now once again, a court is asked to rule on questions surrounding the use of police force. rehema ellis, nbc news, new york. >>> turning to the race for the white house, will this be the weekend vice president joe biden announces he wants to take his boss' job? let's get the latest now from nbc's kristen welker, joining us from the white house. good morning to you, my friend. what are you hearing? >> reporter: well, alex, that is the question everyone wants the know. look, vice president biden is waking up in delaware in morning. he's under intense pressure to make a decision about whether he's in or out. sources close to the vp tell me a decision could come

angus eaton is amazing with data. survey data and he made 11 advances in econometrics, the study of how we use data. that sounds boring, but it's very important because people are different. you give the same economic stimulus to a population of people and different people, who have credit, who don't have credit, will respond differently. angus deaton is the forefather of looking at economics that way. more recently, he has been studying welfare. look at our, we guests. the other thing you pointed out as you can just look at the aggregates, how overall economic growth is doing. you have to look at how it is distributed among people, because that informs how people make choices. alix: isn't that like studying happiness? how do you quantify that? brendan: executive the right question. he is like the zen philosopher of economics. every time someone says what is the answer he will come back and look at the data and say what is the question? he had a paper that says a lot of people who don't have children on average are ha

is so vitally important and it was a touch of genius by our founders because they recognized that eaton judicial, and legislative would want to maintain their power and they would push back against excesses in the other branches. that works extraordinarily well. in a government like we have when they all are exercising their power appropriately. unfortunately, we have a legislative branch that really ask more like a peanut gallery. they sit there and watch it with the others do, sometimes complain about it. but they really do not offer any resistance because they are afraid someone might blame them. newsflash, you are going to be blamed anyway. so, what they really ought to be thinking about is how do they get involved and be more proactive. you know, case in point, i think decision by the supreme court on gay marriage. now, first of all, let me just say, i have nothing against gay people whatsoever. notow a lot of people do believe that because we live in a society now where if you do not accept their entire agenda, then you are a homophobe. but, i personally believe that any two peopl

we will have agco and eaton. >> looking forward to it.ood weekend. >> hope to see you this weekend. >> yes. >> when we come back, the ceo of expedia. don't go away. when you're not confident your company's data is secure, the possibility of a breach can quickly become the only thing you think about. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most. start looking for a house? oh did you see that listing on zillow i sent you. you see that bathroom? did we just decide to buy house? i think so. yay! find your way home. zillow. ♪ >>> good friday morning. welcome back to "squawk on the street," i'm carl quintanilla with sarah silverman, david faber and simon hobbs. we will close out october today. some mild action at the moment. dow about 11 points to the down side, held up by chevron. oil back below 46. let's get to rick santelli. we just had chicago pmi, this time university of michigan. rick? >> yes. univ

. >> when you see a company pre announce that its earnings aren't going to take it, which is eaton, andck doesn't go down, people are saying that's washed out, 4.2% yield, ever been knew it was going to be bad. that's going to bring in buyers back to united technologies. really the weaker group when it comes to earnings is going to be these big international companies with currency exposure. this is heartening people. before you go crazy, remember it's the yield. this is an accidentally high yield company right nouchlt don't go nuts for t i think people -- i'm taking notice and saying why isn't this one down. united technologies helping the tape, too. >> just looking at the yield, 4, 4 plus. >> that's what people want. >> the fed is not going to raise. remember, dover came out today and dover has things that are okay. look, the group is just beat up and people restate. there is a rotation going on in this marketplace, every 48 hours we have a new rotation, it's really extraordinary, ppg had good things to say, that stock was the beginning this have rotation. now, be careful, caterpillar

in one hour of the real consist of three and half feet of the tia about the size of a manhole cover eatonbeef five times arise for ounce of cheese and avocado and 4 lbs. of salsa and if you were to somehow get the 25,000 cal monster you and hospitalized. >>james: we will be right back with the news weather and traffic why let someone else have all ththfun? the sosotimemehaphphard,d, never boring fun. the why can't it smell like this all the time fun. the learning the virtue of sharing this all fun.time fun. why let someone else have all the fun? that's no fun. unleash the power of dough. give it a pop. >>mark: where falling as democrats to happen on the santa clara near 22nd street where the senate details >>reporter: we're standing at the intersection of east santa clara and san jose this into a car traveling west at a high rate of speed when one loss control and hit a light pole the hit a tree the other car kept down now the car that hit the tree had four people inside and three of them died to here at the scene and the other at the hospital police will not go to the detail of the ages